Miami Condos Sell in 66 Days at 93% of List Price
Miami single-family homes and condominiums continue to sell close to asking price, reflecting a strong consumer demand. The median number of days on the market for single-family homes sold in January 2015 was just 51 days, an increase of 10.9 percent compared to the same period in 2014. The average percent of original list price received was 94.3 percent, down a negligible 1.2 percent from a year earlier.
The median number of days on the market for condominiums sold in January 2015 was 66 days, an increase of 17.9 percent compared to the same period in 2014. The average percent of original list price received was 93 percent, a 3.2-percent decrease. * Miami Association of Realtors.
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